This alternative lending platform feels consumer lending is more than just a trend
Even though LoanTap has a slight exposure to SME finance, their core focus is on salaried customers. Explaining the company’s vision, Vikas Kumar, Co-founder & CTO, LoanTap, said, unlike a bank, which generally offers one vanilla product to salaried borrowers – term loan, LoanTap focuses on need and cash flow-based products.
Published in: Entrepreneur
Fundamental fillips
Experts feel that different measures can be taken to help ease the liquidity crisis in the NBFC sector. “The focus should be on increasing the money available to the sector,” says Satyam Kumar, co-founder and CEO, LoanTap.
Published in: The Week
Pre-approved loans on your fingertips: Should you go for credit line when in need?
Satyam Kumar, Co-founder and CEO of an online platform offering loan products, LoanTap said, “If one is unsure of the total amount that is required for his/her personal need, then it is advisable to apply for credit line also known as personal overdraft loans.
Published in: Money Control
Loantap raises $8M funding led by 3one4 Capital
Digital lending platform, Loantap, has raised $8 million (Rs 57 crore) through a combination of debt and equity in its fifth round of fundraising led by Bengaluru-based early stage venture capital fund 3one4 Capital.
Published in: ET Tech
Loantap raises Rs 57 crore
The last round that we had raised in 2018 has been mostly used for onward lending,” said CEO Satyam Kumar. “Now with this equity fund infusion I will be able to leverage more and plan to raise Rs 90 crore of debt mainly to help in creating a bigger loan book.
Published in: The Economic Times
LoanTap raised $8Mn amidst liquidity concern in NBFC sector
Amid the liquidity concerns in NBFC sector, LoanTap raised more than 8 million dollars through a combination of equity and debt instruments between October and December, 2018.
Published in: UNI
This NBFC raises $8 million amid rising clamour over liquidity crisis
LoanTap raised the amount via a combination of equity and debt instruments, between October to December 2018.
Published in: Financial Express
Digital Lending Startup LoanTap Raises $8M Led by 3one4 Capital
Strong compliance and corporate governance practices find takers even in tepid waters. Amidst the liquidity concerns in NBFC sector, LoanTap has raised more than $8 million through a combination of Equity and Debt instruments, between October to December, 2018.
Published in: Business World Disrupt
3one4 Capital leads fresh funding round in digital lending firm LoanTap
Mumbai-based LoanTap Financial Technologies Pvt. Ltd, a digital platform that offers loans and overdraft products to salaried professionals, has raised $8 million (Rs 57 crore at current exchange rates) in a fresh round of funding, the firm’s fifth since inception, led by new investor 3one4 Capital.
Published in: VC Circle